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Beijing Tongrentang (600085) investor relations material
Beijing Tongrentang Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 was RMB 8.38 billion, down 14.23% year-over-year; net profit attributable to shareholders was RMB 726 million, down 23.19%.
Gross margin for main business was 42.21%, a decrease of 1.88 percentage points year-over-year.
Cash flow from operating activities was RMB 1.73 billion, down 11.53% year-over-year.
The company maintained a stable asset base with total assets of RMB 29.95 billion at period end.
Financial highlights
Operating income: RMB 8.38 billion, down 14.23% year-over-year.
Net profit attributable to shareholders: RMB 726 million, down 23.19% year-over-year.
Basic EPS: RMB 0.529, down 23.22% year-over-year.
Gross margin for top five industrial products increased by 4.32 percentage points to 51.77%.
R&D expenses increased by 39.86% to RMB 127 million.
Outlook and guidance
The company will focus on core product cultivation, cost control, and international expansion in H2 2026.
Emphasis on digital transformation, R&D innovation, and global market development.
No interim dividend or capital increase from reserves proposed for the half-year.
- Revenue and profit fell sharply year-over-year, but operating cash flow increased.600085
Q1 2026 - Revenue and profit fell, but cash flow and R&D rose; dividend payout remains strong.600085
H2 2025 - Net profit declined 2.92% on higher costs, with negative operating cash flow for the period.600085
Q3 2024 - Revenue and profit fell sharply in Q3 2025 amid weak market conditions and lower sales.600085
Q3 2025 - Net profit fell 7.39% on flat revenue, but cash flow and gross margin improved.600085
H1 2025 - Net profit rose 3.49% on stable revenue, but cash flow and gross margin declined.600085
H1 2024 - 2024 revenue up 4.12%, net profit down 8.54%, with robust retail and overseas growth.600085
H2 2024 - Q1 2025 saw modest profit growth and robust cash flow amid a volatile market.600085
Q1 2025
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